SunWorks Inc (SUNWQ)

[SandridgeEnergy]

Let's recap:

The company had no money, the stakeholders Jim was cozy with had no money, but lots of cheap shares.

Those shares were dumped on the public days before the deal to buy SUNworks closed. The money from that dumping of shares was used to fund the purchase.

But they didn't stop there, they actually gave themselves a new extremely dilutive note as a reward for selling their shares to the public days before.

They worked in conjunction with JN to pump up the price by converting there shares within 24 hours of Jim putting out an extremely bullish press release that promised the imminent commercialization of the cell.

So while Jim was signalling to shareholders "time to buy", the stakeholders were dumping their shares onto the unsuspecting shareholders.

They money came from shareholders, but the people who were cozy with JN got rich.

When the stock price was $3.00, genius businessman Jim Nelson essentially sold options at $0.33 a share for cash that was raised just days before from the brokerage accounts of their shareholders.

That's what happened. I don't even see anyone disagreeing on the basic facts, just spinning it as if it's somehow a totally normal and ethical thing to do. It's not. And it's a disgrace that such unethical behavior would be defended.